The U.S. energy storage market is continuing along a roller-coaster of rapid growth, according to the latest report by GTM Research and the Energy Storage Association (ESA). Q1 2016 U.S. Energy Storage Monitor found a 127% growth year-over-year to 18.3 MW installed, which is also down 84% from a spike in the fourth quarter of 2015.
The market is also changing significantly. While behind-the-meter installations have in the past been a much smaller market than utility-scale, during Q1 behind-the-meter energy storage made up nearly half of all newly installed capacity at 8.9 MW. This is accompanied by an ongoing geographic shift in the market.
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